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FINANCIAL NEWS
UAE- ADCB profit jumps 5% in Q1
26 Apr 2013
(MENAFN) ADCB announced that its first quarter net profit rose 5 percent to USD245.8 million, reported Gulf News.
The bank’s operating income for the first three months recorded a 5-percent increase over last year’s first quarter, netting USD473 million.
Customer deposits witnessed a 2-percent rise to USD30.2 billion, from a total of 480,000 customers.
It is worth noting that ADCB is the UAE’s third largest bank and is 58.08 percent owned by the Abu Dhabi government.
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